Categories: Technical analysis

EURNZD Wave Analysis – 15 July, 2019

  • EURNZD broke support area
  • Further losses are likely

EURNZD recently broke the support area lying between the key support level 1.6820 (which reversed the previous impulse 1), 100-day moving average and the 50% Fibonacci correction of the pervious upward impulse from March.

The breakout of this support area accelerated the active short-term impulse wave 3.

EURNZD is expected to fall further and retest the next support level 1.6700 (former support from April).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURNZD

Recent Posts

Pfizer Wave Analysis – 27 March 2025

Pfizer: ⬇️ Sell - Pfizer broke support level 25.20 - Likely to fall to support level…

21 minutes ago

Silver Wave Analysis – 27 March 2025

Silver: ⬆️ Buy - Silver broke resistance area - Likely to rise to resistance level…

22 minutes ago

EURGBP Wave Analysis – 27 March 2025

EURGBP: ⬇️ Sell - EURGBP broke support area - Likely to fall to support level…

5 hours ago

3M Wave Analysis – 27 March 2025

3M: ⬇️ Sell - 3M reversed from resistance area - Likely to fall to support…

5 hours ago

Smashed Hopes for US Stocks Recovery

The US stock market faced resistance from new auto tariffs and concerns about global response,…

7 hours ago

Gold and Silver about to break the ceiling

Gold has experienced growth, reaching historical highs due to new tariff wars. Silver has also…

9 hours ago